Digital Currencies

Learn more about the Digital Currencies

Basically all digital currencies are in fact “online payment systems” allowing
you to transfer instantaneously some value to an individual or a company located
anywhere in the world. This transfer could be a simple gift or a payment
for an object or a service that you want to get.

Main advantages:

They are borderless. A transfer can be sent to anyone in the world.

Transfers are instantaneous, no waiting for checks to clear or credits
to be made

The main difference between digital currencies is the way they are accounted. Some
are simply accounted in a specific national currency and some others are accounted
in weight of metal like gold or silver.

For example “WiredPay e-currency” and “Payeer
USD” are accounted in USD. So if you have an “WiredPay
e-currency” account with a balance amount of 500 then your account value
is 500$USD. However if you have an C-Gold or PM gold account which is accounted in weight of metal then its balance amount
is a number of units of metal not a number of a national currency. That
is to say that if you have an C-Gold account with a balance amount of 500 it
means that you have 500 troy oz of gold. The equivalent current fiat
(national currency) values are displayed for reference only, and will fluctuate
with the current market price

Although digital metal currencies are accounted by weight, their payment system
allows a value transfer to be expressed in terms of different national currencies.
For example, it is possible to:

Transfer 5 troy oz worth of c-gold

Transfer 4.3 grams worth of c-gold

Transfer US $300.00 worth of c-gold

Transfer CHF 985.88 worth of c-gold

This means that an American can pay an Australian or a Japanese can pay an
Spanish the correct weight of gold for a good or service as easily as if the
price had been quoted in his own national currency.

Advantages of Digital Gold Currencies over national currencies

By definition Money is anything that functions as a medium of exchange that
is socially and legally accepted in payment for goods and services and in settlement
of debts.

But, what makes a money better than another one? Simple, its capacity
to keep its purchasing power. Therefore Gold is still the best money
in the world. It exists for nearly three thousand years as a medium of exchange
and on a long period of time it keeps its purchasing power contrarily to any
other national paper currencies that see their purchasing power reduce by inflation.

So keeping your assets in Gold in the best way to protect it against inflation
and thus keep your purchasing power year after year.

However carrying gold in not practical as a form of payment, but thanks to
internet and digital gold currencies that brought us the possibility exchange
tiny amount of gold for a tiny fee.

Because gold has an internationally agreed value, Digital Gold Currencies
system are perfectly suited to the specific demands of e-commerce.

PayeerŽ automatically creates a new account when incoming transfer requests are made, sending access details to specified contacts. You can use personal e-mail, PayeerŽ account numbers, or phone numbers to transfer funds worldwide. You can also make external transfers to other payment systems.

Bitcoin is one of the first implementations of a concept called crypto-currency, which was first described in 1998 by Wei Dai on the cypherpunks mailing list. Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.

WiredPay is a leading financial service allowing the users to make instant payments and to make money transfers securely throughout the Internet opening unique opportunities to Internet users and owners of the Internet businesses. WiredPay targets to bring the transactions on the Internet to the ideal level!